We are thrilled to announce the integration of @kubchain on Udonswap!
Now, you can effortlessly add liquidity to new pairs and swap tokens on KUB.
Head over to https://t.co/c51binD1t4 to experience the integration!
Execution of the 2nd KUB Coin Burn π₯
The KUB Foundation is pleased to report the successful execution of our second quarterly KUB Coin Burn. This strategic initiative utilizes accrued service and platform fees to permanently reduce the circulating supply of KUB.
Burn Details:
- Total Burned: 100,541.1808 KUB
- TX Hash: https://t.co/KprxK3YnQJ
Sources of Contribution: Fees for this burn were derived from the following ecosystem participants:
Validator Nodes: KUB Chain Node, Bitkub Blockchain Technology ,@JFinofficial, @theSIXnetwork
Partner Platforms: @Udonfinance , @nfispace.
Community Appreciation: We extend our gratitude to all participants within the KUB Chain ecosystem.This burn mechanism is directly powered by network activity; every transaction executed on-chain contributes to the stability and growth of the token economy.
Thank you for your continued support.
New updates, new projects, and a massive 5-year celebration.π
April is going to be unforgettable on the KUB Chain. Take a look at what's on the horizon and get ready! ππ’
@Sahal632604 Due to Udon is newly developed platform on KUB. We sincerely appreciate your support. We would like to thank both Sahal and KUB Chain for informing and supporting us this time. As a small DEX, our goal is to contribute to the growth of the KUB Chain ecosystem.
@Sahal632604@KUBChain Due to Udon is newly developed platform on KUB. We sincerely appreciate your support. We would like to thank both Sahal and KUB Chain for informing and supporting us this time. As a small DEX, our goal is to contribute to the growth of the KUB Chain ecosystem.
@Sahal632604@Sahal632604 Due to Udon is newly developed platform on KUB. We sincerely appreciate your support. We would like to thank both Sahal and KUB Chain for informing and supporting us this time. As a small DEX, our goal is to contribute to the growth of the KUB Chain ecosystem.
Big news for the @KUBChain ecosystem! Weβre excited to announce our collaboration on the Burn Mechanism β reinforcing our commitment to long-term value and sustainability. Udon will be supporting this milestone with an upcoming announcement that aligns with the burn initiative.
Introducing the KUB Burn Mechanism π₯
Following the successful community proposal to transition the ownership of official network nodes, which passed with a vote of 12,696.65 gKUB, the KUB ecosystem is introducing a new burn mechanism. This change marks a significant step towards greater decentralization and community governance. Let's explore what this mechanism is and its implications for the future of KUB.
What is the KUB Burn Mechanism?
- A token burn is the process of permanently removing a number of coins from circulation. For KUB, this involves sending a portion of the coins to an inaccessible wallet address, effectively destroying them forever.
- The primary goal of this mechanism is to create a deflationary effect. By reducing the total supply of KUB, the remaining coins become scarcer. According to the economic principle of supply and demand, this scarcity can help increase the long-term value and price stability of KUB, benefiting its holders.
- The burning mechanism will burn the staking fees that Delegators allocate to the Super Node at a rate of 5%. The Super Node will burn these staking fees every quarter. The purpose of this burning mechanism is to reduce the number of coins circulating within the KUB Chain ecosystem and to increase the value of the remaining circulating coins in accordance with the demand-and-supply mechanism within the KUB Chain ecosystem.
Schedule of the KUB Burn
- The KUB burn is scheduled to occur quarterly (once every three months). This predictable schedule provides transparency, allowing the community and investors to anticipate when these supply reductions will happen. Regularly scheduled burns are a common strategy used by blockchain projects to systematically manage their tokenomics and demonstrate a long-term commitment to the coin's value.
Ultimately, the burn mechanism is designed to strengthen the tokenomics of KUB, making it a more attractive asset for building, transacting, and holding within the growing ecosystem.
#KUB #KUBBURN
π HBAR Airdrop Alert!
Wallet 0x51317321Ac7E96583010fD8d97F52eC0Bb833456 got eligible for free HBAR tokens!
β Airdrop completed
Check your wallet and verify through official channels!
#kubchain
Airdrop!
β If you have minted NFT Udon contract address:(0x1c0F319adde8B741cf15613B2C344442c01A8Ac6), youβre eligible for an airdrop. A random wallet will receive 20 KUSDT. The winner's address will be shared soon.
#Udonfinance#Udonswap#Airdrop#Web3
Airdrop!
β If you have minted NFT Udon contract address:(0x1c0F319adde8B741cf15613B2C344442c01A8Ac6), youβre eligible for an airdrop. A random wallet will receive 20 KUSDT. The winner's address will be shared soon.
#Udonfinance#Udonswap#Airdrop#Web3
1/3 New UdonSwap update is here! This update features new user interface and smart contract upgrades.
We strongly recommend that all liquidity providers migrate their liquidity pools to the updated version. To accomplish this, please follow these steps: